Sector: Chemicals (Basic) Ticker: AELZ Chairman: Jordan Soko Managing Director: Hendrik Jansen van Rensburg
African Explosives Zambia Plc (AEL Zambia) is a Zambia-based company engaged in the manufacture and distribution of commercial explosives initiating systems and blasting services. AEL Zambia is active within mining, quarrying and construction markets in Central Africa. The Company operates through branches located in Ghana, Mali, Tanzania, Ethiopia, Zambia, Zimbabwe and Botswana. The Company is a subsidiary of AEL International and the ultimate holding company is AECI Limited, which is listed on the Johannesburg Stock Exchange in South Africa. AEL International holds 75% shareholding in AEL Zambia Plc. The remaining 20.9% shareholding is publicly held through the Lusaka Securities.
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